# ABN Amro: Grain prices higher due to US drought • De Molenaar

> ABN Amro reports that dry, warm US weather has lifted prices across grains, with wheat up about 30% in the past month to a two-year high. Dry conditions in Australia, Canada, France and Spain also raised production fears, though global soy, wheat and corn stocks remain high.

- Date: 2017-07-11 · published 2017-07-11T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70017-abn-amro-grain-prices-higher-due-to-us-drought-de-molenaar
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weather-driven production fears and a shrinking wheat area support grain prices, while record corn stocks limit the upside.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-07-22 | [New grain prices move higher \| QLD](https://feedsoft.ai/events/63988-new-grain-prices-move-higher-qld.md) | +2.5% | +2.3% |
| WHEAT | 2025-01-29 | [Drought, low prices to drop Mexico’s grain production  \| World Grain](https://feedsoft.ai/events/26570-drought-low-prices-to-drop-mexico-s-grain-production-world-grain.md) | +0.6% | +1.4% |
| WHEAT | 2018-06-06 | [Drought and US rail rates prop up export prices - High Plains Journal](https://feedsoft.ai/events/64574-drought-and-us-rail-rates-prop-up-export-prices-high-plains-journal.md) | +0.2% | -6.4% |
| WHEAT | 2017-06-06 | [What will be the trigger to push grain prices higher? - Grain Central](https://feedsoft.ai/events/70536-what-will-be-the-trigger-to-push-grain-prices-higher-grain-central.md) | -1.0% | +2.0% |
| WHEAT | 2019-05-29 | [How high can grain prices grow \| Saxo](https://feedsoft.ai/events/10898-how-high-can-grain-prices-grow-saxo.md) | +9.6% | +15.3% |
| CORN | 2021-11-04 | [US oat prices soar as supply dips due to drought, demand \| World Grain](https://feedsoft.ai/events/44107-us-oat-prices-soar-as-supply-dips-due-to-drought-demand-world-grain.md) | +3.7% | +0.1% |
| CORN | 2025-12-30 | [Impact of Rain and Drought on December Grain Prices](https://feedsoft.ai/events/13822-impact-of-rain-and-drought-on-december-grain-prices.md) | +0.0% | -2.1% |
| CORN | 2026-03-26 | [Extreme weather added drought pressure to High Plains - High Plains Journal](https://feedsoft.ai/events/13013-extreme-weather-added-drought-pressure-to-high-plains-high-plains-journal.md) | -2.5% | -1.8% |

## Sources

- demolenaar.nl: https://www.demolenaar.nl/en/news/abn-amro-grain-prices-higher-due-to-drought-vs/19054/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.